Swarnsarita Jewels India Limited shareholders have formally approved all five resolutions at its 34th Annual General Meeting (AGM), as confirmed by the final scrutinizer’s report. The results validate the appointment of Mr. Jash Amit Adani as an Independent Director and the re-appointment of Mrs. Rajul Chordia as Whole-time Director.

The scrutinizer, M/s. Deep Shukla & Associates, reported that all agenda items were duly approved by members via remote e-voting and poll voting conducted during the meeting held on August 27, 2026. The record date for voting rights was August 20, 2026.

Voting Results by Resolution

The final voting data reveals strong support from promoter shareholders, who voted 100% in favour of all resolutions. Public non-institutional shareholders showed varying levels of support, with approval rates ranging between 68.44% and 68.78% for the special resolutions.

Promoter vs Public Shareholder Voting

The detailed breakdown highlights a divergence in voting patterns between promoter and public shareholders:

• Promoter Group: Held 12,548,456 shares (60.11% of total capital). Polled 9,454,309 votes, representing 75.34% of outstanding shares. Voted 100% in favour for all five resolutions.
• Public Non-Institutions: Held 8,322,363 shares (39.86% of total capital). Polled approximately 1,242,000 votes. Support ranged from 68.44% to 68.78% in favour.
• Public Institutions: Held 5,981 shares. Did not participate in e-voting or poll voting.

No invalid votes were recorded for any resolution. No members demanded a poll during the physical meeting.

Key Appointments Confirmed

Mrs. Rajul Chordia has been re-appointed as Whole-time Director for a five-year term from September 27, 2026, to September 26, 2031. Her appointment required a special resolution due to the duration of the tenure. She possesses experience and knowledge of the Gems and Diamond Industry, with good knowledge of designing and marketing. She is related to Sunny Mahendra Chordia, Whole-time Director (husband), and Mahendra Madanlal Chordia, Managing Director (father-in-law).

Mr. Jash Amit Adani’s appointment as Independent Director was also ratified via special resolution. He will hold office for a consecutive term of five years, commencing May 28, 2026, and ending May 27, 2031. The company had previously issued a corrigendum on August 25, 2026, to change this resolution from Ordinary to Special to comply with the Companies Act, 2013 requirement for a 75% majority vote. He is a postgraduate in Management (Finance) from IBS Mumbai and graduated in Accounts and Finance from S M Shetty College Mumbai. He has more than five years' experience in the E-commerce industry and vast knowledge of finance and strategic matters. He is not related to any director of the company.

Meeting Participation Details

The AGM was chaired by Managing Director Mr. Mahendra Madanlal Chordia at Sai Leela Hall in Mumbai. A total of 38 members were present in person, comprising five promoters and 33 public shareholders. This represented 64.16% of total holdings among those present.

Remote e-voting was conducted via the National Securities Depository Limited (NSDL) portal between August 24 and August 26, 2026. The total number of shareholders on the record date was 8,903. The company secretary, Mr. Deepak Suthar, confirmed that no proxy requests were received.

Swarnsarita Jewels India Limited has approved the reclassification of two promoter group members, Mr. Rajendra M. Chordia and Mrs. Seema Rajendra Chordia, from the 'Promoter/Promoter Group' category to the 'Public' category. The Board of Directors ratified the decision at a meeting held on August 3, 2026, marking the finalization of requests originally submitted by the individuals on the same date. The move aligns with the promoters' current status of holding zero equity shares and exercising no control over the company’s management or operations.

The disclosure was communicated to BSE Limited by Company Secretary and Compliance Officer Deepak Suthar on August 5, 2026, pursuant to Regulation 30 and Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board’s approval follows the submission of formal applications by both individuals, who declared that they are no longer involved in the day-to-day affairs or decision-making processes of the company. The company has confirmed that it will submit the application for reclassification to the stock exchange for a No Objection Certificate within the stipulated timeline under Regulation 31A(5).

Shareholding and Control Status

As of the date of the board meeting, both Mr. Rajendra M. Chordia and Mrs. Seema Rajendra Chordia hold nil equity shares in Swarnsarita Jewels India Limited. Their previous holdings were divested prior to this filing; specifically, 1,14,003 shares (0.55%) held by Mr. Chordia were transferred on March 24, 2022, while 20,000 shares (0.10%) held by Mrs. Chordia were transferred on June 29, 2026. Consequently, their current shareholding percentage stands at 0.00%.

The following table details the current promoter group shareholding structure after the proposed reclassification:

Regulatory Undertakings

In compliance with Regulation 31A(3)(b) of the SEBI LODR Regulations, both applicants have provided specific undertakings to the Board. They confirmed that neither they nor persons acting in concert (PAC) hold more than 10% of the total voting rights in the company. Furthermore, they declared that they do not exercise any direct or indirect control over the company’s affairs and do not possess any special rights through formal or informal agreements, including shareholder agreements.

The applicants also affirmed that they are not represented on the Board of Directors and do not act as Key Managerial Personnel (KMP). Additionally, they certified that they are not classified as willful defaulters under Reserve Bank of India guidelines, nor are they fugitive economic offenders or debarred from accessing the securities market by SEBI. The Board resolved that both individuals shall not be represented on the Board or appointed as KMP for a period of three years from the date of shareholder approval.

Next Steps

The Board has authorized the Company Secretary or other designated officers to execute all necessary documents and submit them to BSE Limited and other regulatory authorities as required. The company is expected to obtain the stock exchange’s No Objection to finalize the reclassification process. This procedural step ensures that the public category classification is formally recognized in the exchange records, reflecting the changed nature of the relationship between these individuals and the listed entity.